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42 Western Avenue

Samuel Saillant Of United Brokers Represents Buyer In $1.249M Multifamily Sale In Lynn MA
SOLDMultiFamily

Samuel Saillant Of United Brokers Represents Buyer In $1.249M Multifamily Sale In Lynn MA

42 Western Avenue & 44 Western Avenue

$1,249,000

Building Size

Asset Type

MultiFamily

Closing

Aug 23, 2024

AI

A property at 42-44 Western Avenue, Lynn, MA, featuring both a renovated single-family ranch and a two-family home, sold for $1,249,000. The asset type is classified as multifamily, consisting of 2 units with a price per unit of $624,500.

Summary of transaction details:

Samuel Saillant represented the buyer in this transaction while Lisa Scourtas represented the seller. The deal highlights the involvement of United Brokers and Re/Max in facilitating the sale of this multifamily property.

Players

Lisa Scourtas

Re/Max

Broker

$2.7M

vol

2 deals

Broker

Lynn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.70%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93